Alcatel-Lucent opens up Aladdin's cave of patents
Signs up with RPX licencing cabal
Alcatel-Lucent has joined an international patent licencing syndicate RPX Corp which will open up its portfolio of 29,000 issued patents and expects to reap a handsome fiscal return.
The RPX model allows the owners of IP to make some dosh out of their latent smarts, without the legal headaches.
Participation in the new licensing initiative will be open to a wide range of prospective licensees. Fees to obtain perpetual, non-exclusive licenses under the program - which will include licenses to both issued Alcatel-Lucent patents and pending applications - will vary depending on company size, portfolio applicability, technology areas and other relevant factors.
The vendor’s extensive patent portfolio includes fixed line and wireless communications, semiconductors, consumer electronics, multimedia, optical, software, cloud computing, applications and network security.
“We have chosen to undertake an innovative approach to realizing the value of our world-class patent portfolio, and while retaining ownership of our patents, we seek to expand access to them for a diverse set of industries. For a breakthrough arrangement of this scale, we have decided to work with RPX, a known and respected expert in the patent market,” said Alcatel-Lucent CEO Ben Verwaayen.
RPX provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services. “Our mission is to help our client network of more than 100 companies control and manage patent-related risk, whether through defensive patent acquisitions, direct licensing transactions among operating companies, syndicated transactions, cross-licensing agreements or other risk- mitigation solutions,” said John Amster, CEO of RPX. ®